NCLT admits Aditya Birla Finance's insolvency plea against Siti Broadband ServicesIn 2020, Siti Broadband had availed of a loan of ₹5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments after a morat...
NCLAT issues notice to Zee Entertainment over IDBI Bank's pleaThe National Company Law Appellate Tribunal (NCLAT) has issued a notice to Zee Entertainment Enterprises Ltd (ZEEL) following a petition fr...
NCLAT to hear IDBI Bank’s plea against Zee Ent in payment dispute case on Aug 31The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear IDBI Bank’s plea against Zee Entertainment in payment disput...
NCLAT defers hearing on IDBI Bank's plea against Zee Entertainment to Aug 17The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till Au...
IDBI Bank moves NCLAT against Zee; challenges NCLT orderIDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejecte...
ZEE, Standard Chartered ink pact to settle Siti loan default issue"We wish to inform that Standard Chartered Bank (the Bank) had sanctioned certain credit facilities to Siti Networks Limited (the Borrower)...
Zee enters into a one-time settlement with Standard Chartered Bank for credit facility availed by Siti NetworksZee Entertainment Enterprises Ltd (ZEEL) on Thursday said it has entered into a one-time settlement agreement with Standard Chartered Bank ...
ZEEL shares slump 10% despite NCLAT relief. Here's whyDuring the proceedings, senior advocate Mukul Rohatgi representing ZEEL, submitted that insolvency was initiated against the media firm for...
Zee Entertainment shares rise 3% after NCLAT stays insolvency proceedingsThe matter pertains to a default of Rs 83 crore by Siti Networks, a sister company owned by Essel Group. IndusInd Bank invoked the guarante...
Insolvency Fallout: NSE removes Zee Entertainment from F&O segment“No fresh month contracts will be issued on expiration of February 2023 contracts," the exchange says in a circular
How Zee Ent can salvage its deal with Sony, experts weigh inIn what is likely to complicate merger plans for the Essel Group, the bankruptcy court on Wednesday admitted Zee Entertainment & Siti Group...
IDBI drags Siti Networks to bankruptcy courtSiti owes a group of nine lenders a total of Rs 850 crore. Earlier this year IndusInd Bank and Housing Development Finance Corp Ltd (HDFC) ...
SITI Network's total default at Rs 913 crore in second quarter of FY23SITI Networks, previously known as SITI Cable Network, is a part of the Essel Group. "...the company is in discussions with its bankers for...
HDFC to sell four large stressed accounts before mergerBSE-listed Siti Networks is the biggest of the four accounts in this portfolio, accounting for ₹198.5 crore. The other three accounts are t...
Zee asks NCLT to dismiss IndusInd's insolvency pleaThe homegrown entertainment company said it had on Monday filed an interlocutory application before the NCLT for dismissal of IndusInd Bank...
SITI Cable surges 13% as RBI raises FII investment limitReacting to the development, the scrip gained 13.31 per cent to hit a high of Rs 41.70.
RBI allows foreign investors to buy up to 49% in SITI CableThe company has passed resolutions at its Board of Directors level and a special resolution through shareholders, agreeing to raising the l...